SCAP Shariah (Regs)

RNS Number:5435D
Shariah Capital, Inc
10 September 2007

10 September 2007


           Shariah Capital, Inc. ("Shariah Capital" or "the Company")


               Memorandum of Understanding with Barclays Capital



Shariah Capital, Inc. announced today that it has signed a memorandum of
understanding with Barclays Capital, a division of Barclays Bank PLC.


The two organizations have agreed to utilize Shariah Capital's Shariah compliant
hedge fund solution, including its proprietary screening software and short-sale
methodologies, in conjunction with the prime brokerage resources of Barclays
Capital Prime Services, to launch a unique Shariah compliant investment
platform.


Entitled "Al Safi Trust," the platform will be comprised of Shariah compliant
hedge fund strategies managed by proven managers. These managers will establish
separately-managed accounts at Barclays Capital Prime Services where their
portfolio positions and trading activity will be screened and monitored for
Shariah compliance by Shariah Capital. Each of these "Al-Safi Sub-trust"
accounts will report its own performance.


Al Safi Trust initially will include equity long/short and market neutral
strategies and, shortly, 130/30 and sector-specific strategies, as well as those
focused on selected international markets. Al Safi Trust is intended to be
opened for investment in fourth quarter 2007.


Eric Meyer, Chairman and CEO of Shariah Capital, commented:  "This is a
significant event for Shariah Capital. The Al Safi Trust bridges Western
investment management and Shariah. It allows hedge fund managers to manage
consistent with their existing strategies while addressing the religious
requirements of Muslim clients. Islamic investors, at the same time, can choose
from a range of high-quality hedge fund managers and related structured
products.  Al Safi is a "one-stop shop" for a bank or financial institution with
a Shariah compliant mandate looking to structure and distribute alternative
investment products."


Shaykh Yusuf Talal DeLorenzo, Chief Shariah Officer of Shariah Capital, added:
"The Al-Safi Trust is rigorous in its adherence to Shariah. The Al Safi Trust
platform will only sponsor managers who contractually have agreed to manage
within Shariah standards."



For further information please contact:

Shariah Capital +1 203 972 0331

Eric Meyer

Chairman and Chief Executive Officer


Investec Investment Banking + 44 (0) 20 7597 5970

James Wheatcroft



All statements, other than statements of historical fact, contained in this
document constitute "forward looking statements". In some cases forward looking
statements can be identified by terms such as "may", "intend", "might", "will",
"should", "could", "would", "believe","anticipate", "expect", "estimate",
"predict", "project", "potential", or the negative of these terms, and similar
expressions. Such forward-looking statements are based on assumptions and
estimates and involve risks, uncertainties and other factors which may cause the
actual results, financial condition, performance or achievements of the Company
to be materially different from any future results, performance or

achievements expressed or implied by such forward looking statements. New
factors may emerge from time to time that could cause the Company's business not
to develop as it expects, and it is not possible for the Company to predict all
such factors. Given these uncertainties, prospective investors are cautioned not
to place any undue reliance on such forward looking statements except as
required by law. The company disclaims any obligation to update any such forward
looking statements in this document to reflect future events or developments.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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